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 Land |
| Taxes |
Policy of Financial Support
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 Land
The price for the use right of land is calculated by its actual cost, and the price may be discounted after approval of the administrative committee according to the project’s scale and its contribution to the local economy.
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Taxes
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| 01. _ |
The following enterprises opend in NNDA shall pay enterprise income tax at a rate of 15 percent : |
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Foreign-invested enterprises. |
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Domestic-invested enterprises in industries encouraged by the state. |
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Enterprises in one of the six key industries designated by the autonomous region: nonferrous metals, power generating,automobiles, foodstuff processing, pharmaceuticals, and new high technology; enterprises engaged in using new and high technology to transform one of the seven traditional industries with the support of the autonomous region: machinery, sugar refining, timber, buiding materials, iron and steel and manganese, chemcals, and articles for daily use; and enterprises engaged in the processing of farm products. |
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Enterprises engaged in the divelopment of tourism resources. |
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Listed companies. |
| 02. _ |
A foreign-invested enterprise enjoys enterprise income tax exemption for 1st two years and pays half of it for the ensuing three years according to the Tax Law, it also enjoys exemption and reduction of local income tax. |
| 03. _ |
In the case of enterprises, organizations and individuals from outside the Guangxi Zhuang Autonomous Region that have arrived in NNDA and opened new wholly-owned or cooperative enterprises in accordance with the state industrial policies, the part of the business income belonging to the outside investors shall, beginning from the day business commences, be exempted from enterprise income tax for five years. |
| 04. _ |
Any new enterprise engaged in specialty farming, environmental protection, multipurpose utilization of resources, transportation, power generating, water conservancy, postal services, radio broadcasting and television, nonferrous metals, automobiles, sugar refining, foodstuff processing, IT or pharmaceutical or bioengineering technology in the development zone shall, beginning from the day production commences, be exempted from enterprise income tax for 1st two years and pay half of it in the next three years. |
| 05. _ |
Hi-tech enterprises newly opened in NNDA shall, with the certification of the leading science and technology authorities of the autonomous region, be exempted from enterprise income tax for three additional years beginning from the day production commences. |
Policy of Financial Support
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| 01. _ |
Enterprise registered in NNDA in accordance with the industrial development plan may apply for financial support from the administrative Committee of NNDA. |
| 02. _ |
A hi-tech enterprise engaged in the production of hi-tech products in NNDA after its period of preferential tax treatment expires, may apply to the financial deparment of NNDA for an amount of financial support that does not exceed 50 percent of the portion to be retained by local financial authorities from the enterprise's three years` enterprise income tax payment on such products. |
| 03. _ |
Enterprises engaged in technological transformation or the development of new products in NNDA may apply for financial support. |
| 04. _ |
Enterprises that have signed responsibility agreements on enconomic targets with the administrative Committee of NNDA shall be awarded to a certain texent after annual appraisal of their performance has been made in light of their contribution to the economic growth of NNDA. |
| 05. _ |
NNDA shall present a certain amount of award to enterprises that have rendered substantial contributions to the divelopment zone. |
| 06. _ |
NNDA shall present a certain amount of award to enterprises that have signed agreements on investment and construction responsibilities and gone into production ahead of schedule. |
| 07. _ |
Awards shall be given to those who have invested more than 10 million yuan in one installment in a private industrial enterprise or project for agricultural development, energy development, transportation, environmental protection, the urban infrastructures, or tourism; and awards shall also be given to any private industrial enterprise that has invested more than 5 million yuan in a single installment in a commercial or trade company, a famous national brand or a well-known trademark. |
| 08. _ |
Construction projects in NNDA shall apply for loan interest subsidy during their construction periods. |
| 09. _ |
Enterprise operating in NNDA shall pay no fees with the exception of fees to be delivered to the autonomous region, fees that cannot be exempted or reduced according to written law of the state or the autonomous region as well as special-purpose government funds. |
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